GMT20140702 16:40 Trend Analysis of Democurrency

Bitcoin:

The auction winner is revealed. But the auction price is still a secret. The effect of auction is ended.

Bitcoin price will move sideways arround $650.

Altcoin:

Altcoin Index 1 is 5.07, down 5%. Altcoin Index 2 is 2.11, down 5.3%.

On LTC I browsef many web sites looking for interpretation for BTC-e crashing. In my opinion it is that big investors intentionally crash market. The wave of buying is small in BTC-e, and their loss is small too when they succeed. After that they buy them back and push price high and sell them out. It’s a pity that no big investors follow my suggestion. The LTC number in this crashing is 150,000 but I just use 100,000 LTC and I am able to push LTC price to $30.

DOGE and Darkcoin are going down crazily. More persons start to sell their coins desperately. It is true bear market to them.